The SEC Shuts Down a Scam Bitcoin Security Fund

SEC shuts down a SCAM firm

According to the official press release of the Securities and Exchange Commission, the brokerage firm 1pool Ltd was charged with the violation of numerous financial regulations.

The CEO of the company, Patrick Brunner, offered investors to trade swaps based on securities. The accounts of the customers supported only Bitcoin.

Meanwhile, Brunner failed to comply with a bunch of federal laws related to registration, transactions etc. The investigation continues.

We remind you:

The SEC Banned ETN Trading in the US

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